IFM Investors Pty Ltd Has $20.45 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

IFM Investors Pty Ltd increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 20.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,862 shares of the credit services provider’s stock after buying an additional 30,306 shares during the period. IFM Investors Pty Ltd’s holdings in PayPal were worth $20,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp increased its stake in PayPal by 2.8% in the fourth quarter. State Street Corp now owns 46,489,371 shares of the credit services provider’s stock valued at $8,766,966,000 after acquiring an additional 1,257,110 shares during the last quarter. Geode Capital Management LLC increased its stake in PayPal by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 19,184,985 shares of the credit services provider’s stock valued at $3,608,177,000 after acquiring an additional 304,806 shares during the last quarter. Fisher Asset Management LLC increased its stake in PayPal by 20.6% in the fourth quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock valued at $2,728,562,000 after acquiring an additional 2,476,199 shares during the last quarter. Fundsmith LLP increased its stake in PayPal by 5.9% in the fourth quarter. Fundsmith LLP now owns 13,019,452 shares of the credit services provider’s stock valued at $2,455,208,000 after acquiring an additional 730,632 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in PayPal by 14.7% in the fourth quarter. Alliancebernstein L.P. now owns 10,280,330 shares of the credit services provider’s stock valued at $1,938,665,000 after acquiring an additional 1,315,555 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent analyst reports. Stephens initiated coverage on shares of PayPal in a research note on Wednesday, April 6th. They issued an “equal weight” rating and a $135.00 price objective on the stock. Wolfe Research cut shares of PayPal from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 20th. Keefe, Bruyette & Woods decreased their target price on shares of PayPal from $108.00 to $98.00 in a research note on Monday, July 11th. JMP Securities decreased their target price on shares of PayPal from $112.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Friday, July 15th. Finally, JPMorgan Chase & Co. decreased their target price on shares of PayPal from $127.00 to $112.00 in a research note on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average target price of $143.16.

PayPal Trading Up 0.8 %

Shares of PYPL stock opened at $86.53 on Monday. PayPal Holdings, Inc. has a 52-week low of $67.58 and a 52-week high of $296.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50-day simple moving average of $77.87 and a two-hundred day simple moving average of $100.03. The company has a market capitalization of $100.21 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 1.81 and a beta of 1.44.

Insider Activity

In related news, Director Enrique Lores bought 1,100 shares of PayPal stock in a transaction dated Wednesday, May 4th. The stock was purchased at an average cost of $88.13 per share, with a total value of $96,943.00. Following the transaction, the director now directly owns 5,235 shares of the company’s stock, valued at $461,360.55. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Enrique Lores bought 1,100 shares of PayPal stock in a transaction dated Wednesday, May 4th. The stock was purchased at an average cost of $88.13 per share, with a total value of $96,943.00. Following the transaction, the director now directly owns 5,235 shares of the company’s stock, valued at $461,360.55. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Peggy Alford sold 14,767 shares of the stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $85.32, for a total transaction of $1,259,920.44. Following the transaction, the executive vice president now directly owns 39,891 shares of the company’s stock, valued at $3,403,500.12. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

About PayPal

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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